The Saturday bloodbath has solely intensified prior to now few hours, as bitcoin simply plunged to $76,000 for the primary time for the reason that preliminary tariff risk in April final 12 months.
As such, the cryptocurrency prolonged its large losses to nearly $15,000 in simply days, because it traded above $90,000 on Wednesday.
The newest flash crash came about as a single entity was liquidated for $1 billion, based on information from the Kobeissi Letter.
BREAKING: Bitcoin falls -$3,000 in 5 minutes as a large levered lengthy place price $1 billion was liquidated at 1:43 PM ET. pic.twitter.com/T3RwBdr17Q
— The Kobeissi Letter (@KobeissiLetter) January 31, 2026
CoinGlass experiences totally different information as of press time. It reveals that the single-largest liquidated place came about on Hyperliquid and was price a whopping $222 million. It concerned the ETH-USD pair.
The entire worth of wrecked positions has shot as much as greater than $2.5 billion each day. Almost all of that got here prior to now 12 hours. Naturally, longs are accountable for the largest share, with $2.41 billion of such positions worn out prior to now 24 hours.
Bitcoin’s worth crash to $76,000 meant that Technique’s large BTC place briefly turned purple for the primary time in over two years. Nonetheless, the cryptocurrency has rebounded barely since that multi-month low, and now sits round $78,000, placing the corporate’s stash barely within the inexperienced once more.
BREAKING: MicroStrategy’s, $MSTR, Bitcoin place formally turns purple as Bitcoin falls beneath $76,000. pic.twitter.com/IRZjYzJS8H
— The Kobeissi Letter (@KobeissiLetter) January 31, 2026
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